en.Wedoany.com Reported - Clean energy technology company FuelCell Energy, Inc. (Nasdaq: FCEL) has entered into a strategic agreement with Fit Energy USA LP, a developer of advanced computing infrastructure and artificial intelligence power solutions, to utilize FuelCell Energy's utility-scale fuel cell technology to provide up to 380 megawatts of clean baseload on-site power for data centers. The agreement includes an immediate deposit for an initial 30 megawatts of power, with delivery expected to begin later this year.

Jason Few, President and CEO of FuelCell Energy, stated that the company is pleased to collaborate with Fit Energy on its development plans. The company has engaged with numerous potential customers in the digital infrastructure sector, and Fit Energy stands out through its commitment to "Energy as a Service" power solutions that support both communities and the environment. This agreement further validates FuelCell Energy's decision to scale its operations to 500 megawatts, enabling it to serve a broad and growing pipeline of customers.

Joel Leonoff, CEO of Fit Energy, noted that this announcement marks a critical step in building the power foundation required for next-generation AI infrastructure. FuelCell Energy's technology aligns with Fit Energy's growth objectives and its goal of delivering behind-the-meter power solutions to data centers at the gigawatt scale.

Under the agreement, Fit Energy will be eligible for warrants tied to future deployment milestones of up to 380 megawatts. This warrant structure is designed to align long-term value creation with successful project execution and customer deployment. Canaccord Genuity served as financial advisor to FuelCell Energy Inc. on certain aspects of this transaction.

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